USD/JPY remains below 110.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%27%4.4%
Shorts72%73%-1.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the weekly R3 and the monthly R1 at 109.90. During Friday morning, the pair continued to test the given level.

Note that the exchange rate is supported by the 55-hour SMA. Thus, it is likely that the rate could breach the given resistance and reach the psychological level at 110.20 in the short run.

However, if the given resistance holds, the currency pair could maintain its consolidation. If a reversal south occurs, it is unlikely that the pair could drop below 109.20 due to support of the 200-hour SMA

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